Sterne Agee restated their neutral rating on shares of Johnson Controls (NYSE:JCI) in a report issued on Wednesday, StockRatingsNetwork.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank raised their price target on shares of Johnson Controls from $48.00 to $50.00 in a research note to investors on Thursday, November 21st. They now have a hold rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Johnson Controls from $45.00 to $49.00 in a research note to investors on Wednesday, October 30th. They now have a buy rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Johnson Controls from $52.00 to $56.00 in a research note to investors on Wednesday, October 30th. They now have an outperform rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Johnson Controls presently has an average rating of Hold and a consensus target price of $45.13.
Shares of Johnson Controls (NYSE:JCI) opened at 50.46 on Wednesday. Johnson Controls has a 1-year low of $27.11 and a 1-year high of $51.90. The stock’s 50-day moving average is $45.81 and its 200-day moving average is $41.00. The company has a market cap of $34.573 billion and a price-to-earnings ratio of 29.34.
Johnson Controls (NYSE:JCI) last announced its earnings results on Tuesday, October 29th. The company reported $0.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.95. The company had revenue of $11.00 million for the quarter, compared to the consensus estimate of $10.96 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. On average, analysts predict that Johnson Controls will post $3.29 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, January 6th. Shareholders of record on Monday, December 16th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, December 12th. This is a positive change from Johnson Controls’s previous quarterly dividend of $0.19.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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